Companies will be allowed to add mobile payments to their applications when using Android Pay.Â The application will allow operators to use debit card and credit card information. The companies will also be able to manage tap to pay transactions in mortar and brick stores. Unlike Google Wallet, Android Pay is to be ‘created from the ground up’ for Android users using Host Card Emulation.
According to a source with credible information, there isn’t any company that has partnered with Google’s Android Pay. It’s said that Google Wallet will not cease existing but will remain to operate as a discrete entity backed by Android Pay. Google Wallet allows operators to upload any credit and debit card they have to purchase a prepaid card that is used in making payments.
Google Wallet bids Instant Buy API which allow users to install ‘Buy with Google’ in their application. It isn’t clear if Google Wallet will become lose touch with the crowd when Android Pay is launched in May. Hopefully, Google Wallet will continue to exist but Android pay will be more convenient and appropriate. Android Pay will be dependent on Google’s HCE.
With the Android Pay installed, customers won’t have to use Google Wallet whereas 3rd parties will use an open platform (API) to install their applications. The unveiling of Apple Pay in 2014 attracted companies all over. These companies boosted Apple Pay to great heights. Also, the launching of Apple Pay boosted Google Wallet to a 50% increase in the no. of transactions per week.
On December, Apple pay recommended that it supported 90% of card based transactions in United States. Though Apple Pay is limited to people with the iPhone 6 Plus and iPhone 6 models, its transactions have been increasing greatly. Apple Pay’s transactions were amongst the top five retailers in the month. Google is also to purchase the Isis (now referred to key Softcard) assets. All this suggests that there’s a promising future in the mobile payments arena. As the likes of Google, Apple and Samsung compete to stay at the top of mobile payments, we’ll be briefing you with the relevant details.
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